-
Assistance with obtaining monies for debt reduction. thanks
Hi there My colleague needed some advice could you assist? I am advising a purchase option/lease option deal would free almost £30k (10% balloon payment) and then he may not have to sell his house and will get income from it for 5 years. Here's the scenario I am a high tax earner, employed in a permanent position full time…
-
Advice on Partners finances
First time poster looking for a little advice/reassurance about my Partners finances. Although we have lived together for several years we keep our own finances alongside the joint account which we use for household bills. I recognised quite some time ago that she was getting into difficulties. The unopened mail, the…
-
Urgent! Advice Please...
...with regard to credit card debt and associated bank account; We have a joint bank account (with almost up to the limit overdraft) and I have a credit card debt with the same (Llloyds TSB). My husbands saary goes in there, I don't have an income now except tax cdts and cben. My questions are; 1) does anyone know how…
-
I need A Miracle
I just wrote a nice long message (although it was the short version) when I went to send it, it told me I wasn't logged in, so here is a shorter version basically.. I had lots of debt,(approx £11,000) but was on top of it, then my mum died, which left me paying loads more than expected, then my well paid job disappeared I…
-
My Credit Card Co & Catalogue Dont have a cca
I am currently having some repayment problems and i am struggling to meet the repayments. I have written to both companies asking for my CCA. They have both written back saying that it will be posted within the next few days, this has now been said on more then one occasion. But ask me to maintain repayments. If they dont…
-
What to do with £6000 loan
hello lovely people. i was looking for some advice. we have an overdraft of £9000 that we almost go over every month - thats costing us about £125 a month. and we have credit card debts of £4000 on a couple of 0% interest cards. Minimum repayment is around £100. we've cut all our spending to the bone but can't get rid of…
-
Why does everything have to get so bad...?
As you all know it's come to bankruptcy for my partner and I. This is a very difficult decision for us, and took a lot of thinking, talking, analising and double checking with the National Debtline. With me being signed off work for a couple of months now, we've just made a budget based on me only being paid SSP. Seems…
-
what to do?
Hi , my situation is a bit complex and would be grateful for any advice anyone has . Due to gambling problems and general card misuse i currently have debts of around £48000 - 7 credit cards and 2 loans. None of the debt is bad in the sense that payments are made up to date but, as you can imagine, the amounts to be paid…
-
This may help
Dear all, This is a great forum, so much advice its great. here's my story. I was student with a part time job, which i lost because of the owner of the restuarant going bankcrupt so i ended up with no job, 2 credit cards, an overdraft, a littlewoods account and university fees to pay. Things got worse and worse and…
-
I need a backup plan!
Hi all, glad I found this forum! Hope someone can help :) Here is my situation: I am 25, I live in sussex, I have been unemployed for 2 years (my own choice), I own a flat with approx 70k equity in it. I am currently days away from exchanging contracts (there have been some last minute niggles), and my plan is, that once…
-
I need some help to help my parents
I originally posted this last week but it was lost during the forum software changeover. I did not get to read any replies so I am posting it again. I have been a regular reader of these forums. This is my first post and I am writing to ask for some advice. It is not for me but for my parents. I think they have debt…
-
Just wanted to say.......
I have been reading these boards for a while now and the tips on here are brill. Using Martins email tips and these boards has really helped me to cut back and see where I am over spending etc. I have come up with a detailed budget which I hope I can stick to - wish me luck! Hope u save loads of money this month! Sureeks x
-
Bankruptcy Timeline
Can anyone tell me how long it usually from the time of submitting an application for bankruptcy to the time it would be in effect ? One thing I dont understand is when the bank accounts are frozen, how do I have access to any of my income, E.g. what happens if I urgently need to take 20 pounds out to buy the kids a treat,…
-
Time for action!
I think I need to get my money problems sorted out this year (well at least make a start!). I see from other posts that there are others in much worse situations than I am, but my position is still a big concern for me. Here is a brief overview of where I am at... Credit Cards £5578 HSBC 0% until sept 05 £3421 Cahoot 10%…
-
Recently completed IVA
I recently completed an IVA with an early settlement. I would now like to start rebuilding my credit worthiness in the eyes of lenders. Personally I feel that anyone who had to go through an IVA is the least likely person to end up with debt problems again and they are in the great position of being completely debt free,…
-
Just discovered my son has £14K debts!
He has been to the CAB but I do not think he told them the whole truth. He has £4400 on MBNA credit card with apr at 18.9% a Tesco Loan of £7100 at 6.9 apr a Barclays Loan of £2500 at 18.9 apr. CAB advised him to ask if MBNA would reduce the interest rate (don't know what it was) but it is now 18.9 apr and they charged £25…
-
Debt Payments, Next Step Please
My very first post after following advice to others on this forum. Had credit card debt of £37,000. I have now reduced it to £21,220. I have a mortgage of £42,000 on endowment with 5 years to go. House is worth £225,000. My wife will not condone a re-mortgage hence this is out of the question. My cards are as follows;…
-
Starting to spiral...
Hi I'm starting to spiral into debt now. I left my old employer a year ago for a job that paid slightly less, in an effort to further my career (I have since found much better employer). Once I got there I was underpaid for about the first three months resulting in some bills not being paid - and subsequently incurring…
-
Problems with online gambling
I have been reading the threads from this site for the last 2 months, And it really helps, its like 1 big therpy session, I have a debt of £5057 I know its not a lot compared with other peoples but i got mine though pure stupidness playing poker online, I know i'm bloody stupid, maybe there are other people out there as…
-
£50,000 Debt and trust Deed
Hello just a few words on my own experiences with Debt as reguards the Scottish situation, Long story short, due to my own foolishness and peer pressure I ran up £50,000 worth of debts on various credit cards , store cards and personal loans the crunch came came when take home pay £1500 did not match up to out goings…